Top News
$107Mln Loan Secured Against Office, Hotel Property in Seattle
Puget Sound Business Journal A venture of Stoneway Capital and Ardent Capital Management has provided $107 million of financing against the 720,000-square-foot office and hotel property at 225 South King St. in the Pioneer Square neighborhood of Seattle. The loan...
CapRock Partners Pays $37.5Mln for Industrial Property Near Phoenix
Commercial Property Executive CapRock Partners has paid $37.5 million, or $153.16/sf, for Summit at Surprise, a 244,847-square-foot industrial property in Surprise, Ariz., about 21 miles northwest of Phoenix. The Newport Beach, Calif., private equity firm acquired the property from Velocis...
CMBS Conduit Loan Payoff Rate Reaches Highest Level in 4 Years
The percentage of CMBS conduit loans that paid off at their maturities last month increased to 72.05% from 63.7% in June, according to Trepp Inc., marking the highest on-time payoff rate in four years.
Blue Owl’s Development Arm Pays $66.4Mln for Data Center Site in Culpeper, Va.
Commercial Property Executive Stack Infrastructure, Blue Owl Capital's data-center development arm, has paid $66.4 million for a 71-acre development site at 15140 Keyser Road in Culpeper, Va. The Denver company acquired the property from RACM, which was represented by Greysteel....
Starwood Pays $63.75Mln for 2 Miami-Area Apartment Properties
South Florida Business Journal An affiliate of Starwood Asset Management has paid $63.75 million for a pair of affordable housing communities with a combined 310 units in the Miami area. The Miami Beach, Fla., company paid $34 million, or $226,667/unit,...
Peachtree Group Buys Cape Canaveral Holiday Inn for $40Mln
Orlando Business Journal Peachtree Group has purchased the 150-room Holiday Inn Express Cape Canaveral in Cape Canaveral, Fla., for $40 million, or $266,667/room. The Atlanta investment manager bought the hotel from its developer, an affiliate of KWC Management of...
Developers Line Up $63Mln in Funding for Miami-Area Senior Housing Project
South Florida Business Journal A venture of SG Holdings and New Urban Development has secured $63 million of construction financing for the 153-unit Serenity Gardens affordable seniors housing project in Miami Gardens, Fla. The financing package includes funding from...
Morgan Stanley Lends $24.9Mln to Fund Purchase of Suburban Phila. Office
Commercial Real Estate Direct Staff Report Morgan Stanley has provided $24.9 million of mortgage financing to fund Harbor Group International's $41.5 million purchase of the 100,820-square-foot office building at 500 North Gulph Road in the Philadelphia suburb of King...
Major Apartment REIT Acquisition Activity Picked Up in 2Q
The major apartment-owning REITs during the second quarter more than doubled their investment activity when compared with the first, thanks in part to a rebound in their share prices. Still, investment volume remained well below the $1.48 billion of...
Bridge33 Capital Pays $117.12Mln for Virginia Retail Center
Commercial Real Estate Direct Staff Report Bridge33 Capital has made its first investment in Virginia, paying $117.12 million, or $259/sf, for the 451,972-square-foot 5th Street Station retail property in Charlottesville, Va. The Chicago investment manager has $2.56 billion of...
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